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Dallas/Fort Worth Minority Supplier Development Council (D/FW MSDC)

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Mission

To grow minority business revenues (access, opportunities, capabilities and utilization) in North Texas.

Access: industry groups, board working groups, special events and networking.

Capabilities: Education and Training development, teaming, etc.

Utilization: Promoting relationship development

Criteria for Certification

For purposes of NMSDC's program, a minority group member is an individual who is a U.S. citizen with at least 1/4 or 25% minimum (documentation to support claim of 25% required from applicant) of the following:

Asian-Indian A U.S. citizen whose origins are from India, Pakistan and Bangladesh.

Asian-Pacific A U.S. citizen whose origins are from Japan, China, Indonesia, Malaysia, Taiwan, Korea, Vietnam, Laos, Cambodia, the Philippines, Thailand, Samoa, Guam, the U.S. Trust Territories of the Pacific or the Northern Marianas.

Black A U.S. citizen having origins in any of the Black racial groups of Africa.

Hispanic A U.S. citizen of true-born Hispanic heritage, from any of the Spanish-speaking areas of the following regions: Mexico, Central America, South America and the Caribbean Basin only. Brazilians shall be listed under Hispanic designation for review and certification purposes.

Native AmericanA person who is an American Indian, Eskimo, Aleut or Native Hawaiian, and regarded as such by the community of which the person claims to be a part. Native Americans must be documented members of a North American tribe, band or otherwise organized group of native people who are indigenous to the continental United States and proof can be provided through a Native American Blood Degree Certificate (i.e., tribal registry letter, tribal roll register number).

Criteria for Certification (cont’d)

A minority-owned business is a for-profit enterprise, regardless of size, physically located in the United States or its trust territories, which is owned, operated and controlled by minority group members. "Minority group members" are United States citizens who are Asian, Black, Hispanic and Native American. Ownership by minority individuals means the business is at least 51% owned by such individuals or, in the case of a publicly-owned business, at least 51% of the stock is owned by one or more such individuals. Further, the management and daily operations are controlled by those minority group members.

Required Documentation

Proof of ethnicity

Birth certificate or tribal card/registry for Native Americans

Proof of citizenship

Birth certificate

US passport

US Immigration & Naturalization

Required Documentation (cont’d)

Proof of ownership

Assumed Name Certificate (doing business as) for sole proprietors

Articles of Organization/Incorporation

Operating Agreement/By Laws/ Regulations

Partnership Agreement

Buy-Out Agreement

Management Agreement

Stock certificates (front and back), stock ledger

Proof of purchase/investment (cancelled checks)

Required Documentation (cont’d)

Financial Matters

Two (2) years tax returns for business or personal maybe used in lieu of business for new companies

Balance Sheet

Profit & Loss Statement

Income Statement

Copy of Bank signature card for Business Account

Required Documentation (cont’d)

Equipment list – if applicable

Lease agreements – for property and equipment

Resume(s) for owner(s)

Company profile

Other Certifications

North Central Texas Regional Certification Agency (NCTRCA)

www.nctrca.org

It is the policy of all the public entities which are part of the North Central Texas Regional Certification Agency (NCTRCA) that Disadvantaged Business Enterprises (DBEs), Minority Business Enterprises (MBEs) and Woman-owned Business Enterprises (WBEs) have the maximum practical opportunity to participate in their contracting and purchasing activities.

Women’s Business Council – Southwest (WBCS)

www.mbcsouthwest.org

Through the Women’s Business Council – Southwest (WBCS), a partner organization of WBENC, your business can apply for a certification that is accepted by hundreds major corporations, not-for-profit organizations, as well as many local, state, and Federal government agencies.